# Fluence Energy share price today (Fluence Energy, Inc., FLNC)

> Fluence Energy, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. FLNC · Utilities · Utilities - Renewable · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/flnc

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## Key numbers

- Price: $5.50 (−73.8% in a year)
- Revenue (Jun 2026): $650 M (+7.9% on a year ago)
- Profit (Jun 2026): −$32.8 M (−624.9% on a year ago)
- Operating margin: −8.9% (−9.6 points on a year ago)
- ROE: −9%, FY25
- ROIC: −22.7%, against a 14.1% cost of capital: −36.8 points

The main question: the share price moved −73.8% in a year while yearly earnings per share moved −374.9%. The difference came from the market paying a higher multiple. ## What is the Fluence Energy share price today? Fluence Energy, Inc.'s share price was $5.50 at the close on 3 November 2026. It has been moving sideways for 19 weeks. That is 64.0% below its average price over the last 200 trading days. In the last 52 weeks it traded between $6 and $31, and at that close it was at the low of that range. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 14 weeks running. Over the last 5 years the share price moved −85% while the S&P 500 moved +64%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 31 July 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Fluence Energy pay? Fluence Energy, Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is Fluence Energy on? Fluence Energy is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Fluence Energy profitable? Fluence Energy, Inc. posted a net loss of $32.8 M in the Jun 2026 quarter. The full FY25 year was a loss of $48.3 M. That loss is 5.0% of the quarter's revenue. The same quarter a year earlier earned $6.3 M. 7 of the last 12 reported quarters were loss-making. Jun 2026 profit was −$32.8 M, −624.9% on a year earlier. For the full year, FY25 profit was −$48.3 M (−312.7% on the year before). ## How much revenue does Fluence Energy make, and is it growing? Fluence Energy, Inc. reported $650 M of revenue in the Jun 2026 quarter, +7.9% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 4 years it has grown 35.0% a year on average. The last full year, FY25, came in at $2.3 B. The last four reported quarters add to $2.6 B. FY25 revenue was $2.3 B, −16.1% on the year before. Recent pace: the last four quarters grew +38.7% on average, against 35.0% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +7.5%, against +10.8% a year over the last 8 quarters (rolling over). ## How much of every $100 of sales does Fluence Energy keep? Fluence Energy, Inc.'s operating margin was −8.9% in the Jun 2026 quarter, 9.6 percentage points lower than the same quarter a year ago. Across 5 years it has been between −23.7% and 1.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −9.6 percentage points on the year while gross margin changed −9.7 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Fluence Energy's profit turning into cash? Fluence Energy, Inc.'s cash-flow history is too short to judge how much of its profit turns into cash. In FY25 its operations used $146 M of cash, against −$48.3 M of profit. After $14.9 M of spending on assets, free cash was −$160 M: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Fluence Energy's cash go? Fluence Energy, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $26.0 M on assets over the last 3 years. Averaged over those years that is 0.4% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $26.0 M over the last 3 years. In short: most of the cash goes on covering the loss, not on new assets; spending on assets is small next to it. ## What is Fluence Energy's P/E ratio, and how does it compare with its own history? Fluence Energy, Inc. has no P/E right now, because its earnings are negative. The revenue and margin sections are where a turn would show first. Measured against sales instead, the market values Fluence Energy, Inc. at 0.4× its FY25 revenue of $2.3 B. The P/E comes back here once profit turns positive. Why the multiple is where it is: over the past year earnings per share moved −374.9% while the price moved −73.8%. The price did better than earnings, which pushed the multiple up within its own range. ## Is the Fluence Energy business getting better or worse? Fluence Energy, Inc.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Fluence Energy earn on its capital? Fluence Energy, Inc. earned a ROE of −9% in FY25. That is up from a low of −17% in FY22. Its return on capital used (ROIC) is 36.8 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a −2.1% net margin and 0.96× asset turnover (sales divided by assets). Why the return is what it is (FY25): a −2.1% net margin × 0.96× asset turnover × 4.29× leverage (assets divided by equity) ≈ −8.6% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: −22.7% − 14.1% = −36.8 percentage points. The 14.1% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The −22.7% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at −19.5%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Fluence Energy have too much debt? Fluence Energy, Inc. has total debt of $413 M against shareholder equity of $431 M as of Jun 2026, so its debt is 0.96× its equity. Year by year, that ratio went from −0.58 in FY21 to 0.74 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the Fluence Energy shareholding pattern? 40.5% of Fluence Energy, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 4.3 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Fluence Energy from balance-sheet trouble? For Fluence Energy, Inc., the Z-score is 1.57. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 1.57 is inside the danger zone, so the balance sheet is a real risk. ## How does Fluence Energy rank in its industry? 26.8 out of 100, rank 9 of 12 in Utilities - Renewable, with 67% of the evidence available. Fluence Energy, Inc. scores 26.8 out of 100 against the 12 companies it is compared with in Utilities - Renewable, ranking 9. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 10 + 5.6 + 11.2 + 0 = 26.8. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Fluence Energy compared with? Fluence Energy ranks 9 of 12 Utilities - Renewable companies on the 4-Factor Sector Score, with 26.8 out of 100. 1. [Clearway Energy, Inc.](https://www.sectoralpha.in/us/stocks/cwen) CWEN · turning · Most evidence points up · 79% evidence 67.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.0/35 · Revenue 9.9% · Profit 37.9% · Operating margin change n/a · 76% evidence Capital efficiency 13.1/25 · ROCE 1.6% · Operating margin 35% · 76% evidence Valuation 12.8/20 · P/E 45.5× · PEG 1.02 · 65% evidence Relative strength 18.3/20 · Lead over its industry 5.9% · Lead over S&P 500 -7.5% · 1 year -1.7% · 100% evidence · 1 of 12 weeks ahead Exact sum: 23 + 13.1 + 12.8 + 18.3 = 67.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Enlight Renewable Energy Ltd](https://www.sectoralpha.in/us/stocks/enlt) ENLT · quiet · Evidence leans up · 85% evidence 54.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.0/35 · Revenue 36.7% · Profit -12.9% · Operating margin change 5.4 points · 95% evidence Capital efficiency 15.6/25 · ROCE 3.3% · Operating margin 54.5% · 76% evidence Valuation 10.7/20 · P/E 137.5× · PEG 1.33 · 65% evidence Relative strength 9.2/20 · Lead over its industry 1.1% · Lead over S&P 500 -12.4% · 1 year 88% · 100% evidence · 0 of 12 weeks ahead Exact sum: 19 + 15.6 + 10.7 + 9.2 = 54.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Ellomay Capital Ltd.](https://www.sectoralpha.in/us/stocks/ello) ELLO · losing its lead · Evidence leans down · 60% evidence 47.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.9/35 · Revenue 4.9% · Profit n/a · Operating margin change n/a · 52% evidence Capital efficiency 8.7/25 · ROCE 0.3% · Operating margin 16.6% · 76% evidence Valuation 10.6/20 · P/E 3.8× · PEG n/a · 15% evidence Relative strength 11.2/20 · Lead over its industry -5.8% · Lead over S&P 500 -17.3% · 1 year -3.4% · 100% evidence · 5 of 12 weeks ahead Exact sum: 16.9 + 8.7 + 10.6 + 11.2 = 47.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Ormat Technologies, Inc.](https://www.sectoralpha.in/us/stocks/ora) ORA · basing · Evidence leans down · 79% evidence 47.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.0/35 · Revenue 31.1% · Profit -3.8% · Operating margin change n/a · 76% evidence Capital efficiency 16.5/25 · ROCE 3.6% · Operating margin 19.5% · 76% evidence Valuation 4.1/20 · P/E 52.8× · PEG 3.91 · 65% evidence Relative strength 8.6/20 · Lead over its industry -7.7% · Lead over S&P 500 -19.5% · 1 year -17% · 100% evidence · 0 of 12 weeks ahead Exact sum: 18 + 16.5 + 4.1 + 8.6 = 47.2 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 5. [Brookfield Renewable Partners L.P.](https://www.sectoralpha.in/us/stocks/bep) BEP · basing · Evidence leans down · 60% evidence 46.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.7/35 · Revenue 3% · Profit n/a · Operating margin change n/a · 52% evidence Capital efficiency 9.3/25 · ROCE 0.8% · Operating margin 18% · 76% evidence Valuation 8.5/20 · P/E 336.4× · PEG n/a · 15% evidence Relative strength 15.7/20 · Lead over its industry 5.6% · Lead over S&P 500 -7.9% · 1 year -2.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 12.7 + 9.3 + 8.5 + 15.7 = 46.2 · What this means: Relative strength against the index is -7.9%, and revenue and profit growth are weak. 6. [Energy Vault Holdings, Inc.](https://www.sectoralpha.in/us/stocks/nrgv) NRGV · basing · Evidence leans down · 64% evidence 45.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.0/35 · Revenue 100% · Profit n/a · Operating margin change 188.7 points · 71% evidence Capital efficiency 3.3/25 · ROCE -34% · Operating margin -142% · 76% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 5.6/20 · Lead over its industry -11.5% · Lead over S&P 500 -22.7% · 1 year -9.1% · 100% evidence · 2 of 12 weeks ahead Exact sum: 27 + 3.3 + 10 + 5.6 = 45.9 · What this means: Earnings are strong; relative strength in its sector is -11.5% and the one-year return is -9.1%. 7. [Brookfield Renewable Corporation](https://www.sectoralpha.in/us/stocks/bepc) BEPC · basing · Too little evidence to rank firmly · 56% evidence 43.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.0/35 · Revenue -1.5% · Profit n/a · Operating margin change n/a · 52% evidence Capital efficiency 10.7/25 · ROCE 2.7% · Operating margin n/a · 61% evidence Valuation 11.5/20 · P/E -37.9× · PEG n/a · 15% evidence Relative strength 8.4/20 · Lead over its industry -9.7% · Lead over S&P 500 -21% · 1 year -30.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 13 + 10.7 + 11.5 + 8.4 = 43.6 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 8. [XPLR Infrastructure, LP](https://www.sectoralpha.in/us/stocks/xifr) XIFR · quiet · Most evidence points down · 60% evidence 33.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.7/35 · Revenue -2.8% · Profit n/a · Operating margin change n/a · 52% evidence Capital efficiency 9.8/25 · ROCE 0.1% · Operating margin 27.7% · 76% evidence Valuation 10.0/20 · P/E 18× · PEG n/a · 15% evidence Relative strength 2.1/20 · Lead over its industry -16.3% · Lead over S&P 500 -26.8% · 1 year -12.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 11.7 + 9.8 + 10 + 2.1 = 33.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. Fluence Energy, Inc. this page FLNC · basing · Most evidence points down · 67% evidence 26.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.0/35 · Revenue 7.4% · Profit n/a · Operating margin change -9.6 points · 71% evidence Capital efficiency 5.6/25 · ROCE -12.2% · Operating margin -8.9% · 76% evidence Valuation 11.2/20 · P/E -29.3× · PEG n/a · 15% evidence Relative strength 0.0/20 · Lead over its industry -62.9% · Lead over S&P 500 -67.9% · 1 year -73.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 10 + 5.6 + 11.2 + 0 = 26.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [SOLV Energy, Inc.](https://www.sectoralpha.in/us/stocks/mwh) MWH · quiet · Too little evidence to rank firmly · 36% evidence 56.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.5/43.75 · Revenue n/a · Profit n/a · Operating margin change -3.8 points · 39% evidence Capital efficiency 20.0/31.25 · ROCE 15.9% · Operating margin 8% · 76% evidence Valuation 12.1/25 · P/E 44.7× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 24.5 + 20 + 12.1 = 56.6 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 11. [AXIA Energia SA](https://www.sectoralpha.in/us/stocks/axia) AXIA · Too little evidence to rank firmly · 34% evidence 45.8 out of 100 Growth Capital Valuation Relative
12. XCF Global, Inc. SAFX · Too little evidence to rank firmly · 39% evidence 36.0 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Jun 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Utilities - Renewable](https://www.sectoralpha.in/us/sectors/utilities-renewable), all 12 compared on one page. ## Which companies are close to Fluence Energy in size? Fluence Energy is the 9th largest of 12 Utilities - Renewable companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Ormat Technologies, Inc., SOLV Energy, Inc. and ReNew Energy Global Plc. Just below it: XPLR Infrastructure, LP, Energy Vault Holdings, Inc. and Ellomay Capital. ### Utilities - Renewable companies close in size

1. [Ormat Technologies, Inc.](https://www.sectoralpha.in/us/stocks/ora) $5.8 billion
2. [SOLV Energy, Inc.](https://www.sectoralpha.in/us/stocks/mwh) $5.4 billion
3. [ReNew Energy Global Plc](https://www.sectoralpha.in/us/stocks/rnw) $2.5 billion
4. Fluence Energy, Inc. $1 billion
5. [XPLR Infrastructure, LP](https://www.sectoralpha.in/us/stocks/xifr) $768 million
6. [Energy Vault Holdings, Inc.](https://www.sectoralpha.in/us/stocks/nrgv) $584 million
7. [Ellomay Capital Ltd.](https://www.sectoralpha.in/us/stocks/ello) $273 million

[All 12 Utilities - Renewable companies, largest first](https://www.sectoralpha.in/us/sectors/utilities-renewable#all-companies)

### Companies close in size in other industries

1. [Immatics N.V.](https://www.sectoralpha.in/us/stocks/imtx) $965 million · Biotechnology
2. [QuidelOrtho Corporation](https://www.sectoralpha.in/us/stocks/qdel) $962 million · Medical Devices
3. Fluence Energy, Inc. $962 million
4. [BUUU Group Limited](https://www.sectoralpha.in/us/stocks/buuu) $960 million · Specialty Business Services
5. [N-able, Inc.](https://www.sectoralpha.in/us/stocks/nabl) $956 million · Information Technology Services

## What else do people ask about Fluence Energy? ### What were Fluence Energy's latest quarterly results? Fluence Energy, Inc. reported revenue of $650 M and a net loss of $32.8 M for the Jun 2026 quarter. Revenue rose 7.9% and profit fell 624.9% compared with a year earlier. Earnings per share were −$0.24. The operating margin was −8.9%, 9.6 percentage points lower than a year earlier (as of 3 November 2026). ### What is Fluence Energy's market cap? Fluence Energy, Inc.'s market capitalisation is $1.0 B at a stock price of $5.50. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Fluence Energy performing? Fluence Energy, Inc.'s share price has been moving sideways for 19 weeks. In its latest quarter, revenue rose 7.9% and profit fell 624.9% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 14 weeks running (as of 3 November 2026). ### Will Fluence Energy's stock price go up? This page does not forecast Fluence Energy, Inc.'s stock price. What it shows instead: the stock price is $5.50, and it has been moving sideways for 19 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is Fluence Energy in its business cycle? Fluence Energy, Inc.'s FY25 operating margin was −2.0%, against a 5-year range of −23.7% to 1.0%: the middle of its own range, neither a peak nor a low. The latest quarter was −8.9%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Fluence Energy story? The main question: the share price moved −73.8% in a year while yearly earnings per share moved −374.9%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Fluence Energy a stock worth studying right now? What the numbers show: Fluence Energy, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.